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QUESTION 3 Edwin bought 100 shares of XYZ Inc. stock for $12,000 and sold it for $4.000 on March 10. He bought 40 shares of
QUESTION 3 Edwin bought 100 shares of XYZ Inc. stock for $12,000 and sold it for $4.000 on March 10. He bought 40 shares of XYZ Inc. stock on March 23 for $1,500. How much loss can he report from the sale on his tax return? Zero. 0 $3,200 $4,800 $8,000 QUESTION 4 Don bought 100 shares of XYZ Inc. stock for $10,000 and sold it for $6,000 on March 10. He bought another 100 shares of XYZ Inc. stock on March 23 for $6,100. What will his basis be in the 100 shares he bought on March 23? $6,000. $6,100. $10.000. $10,100
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